Imagine One of Your Colleagues Is Constructing a Histogram to Graph

question 63

Multiple Choice

Imagine one of your colleagues is constructing a histogram to graph results of data collected on respondent's occupational prestige score,a score which can take on any non-zero value.What should be your first response upon reviewing the work?

• A)To note whether the "slices" of the pie sum to 100%
• B)To suggest that he or she has in fact used an inappropriate graphic device
• C)To ensure that the frequencies at each time point sum to N
• D)To check whether the bars representing the categories are contiguous as they should be

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Definitions:

Market

A place or system where parties engage in exchange, buying and selling goods and services.

S And D

Shorthand for Supply and Demand, the interaction between the quantity of goods offered by the market and the desires of consumers.

Overproduction

A situation where more goods are produced than can be sold, leading to surplus inventory and often resulting in waste or economic imbalances.

Market Price

The existing rate at which a service or asset is offered for buying or selling in a certain market.